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Oil price rally boosts FTSE

Brent crude oil enjoyed a 2.1% rally to $67.45 per barrel following a decline in output in Venezuela and tensions in the Middle East, helping lift shares in oil majors BP (BP.) and Royal Dutch Shell (RDSB).

Bellway hikes dividend 28% as pretax profit, revenue grow

Bellway posted a 16.6% increase in pre-tax profits to £288.7m for the half-year ending 31 January and said it would raise its interim dividend in line with earnings by 28% to 48p per share.

GKN says Melrose pension plan would erode shareholder value

GKN said Tuesday that it has a clear and comprehensive plan to reduce its pension liabilities, calling Melrose's recent warning of overburdened pension liabilities 'misleading.'

Ocado Group first-quarter revenue up 11.7%

Online grocer Ocado Group said it grew revenue by 11.7% in its fiscal first quarter to £363.4m.

Hammerson signs £1.5bn revolving credit facility to support Intu acquisition

Hammerson announced Tuesday the successful syndication and signing of a £1,500m unsecured revolving credit facility with a three year maturity.